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MTN again tops the list of South Africa’s most valuable brands

By: Megan van Wyngaardt     15th September 2016 Despite losing 32% of its brand value owing to reputational challenges, communications giant MTN, which is worth R37-billion, has remained the most valuable brand in the country, according to Brand South Africa and strategy consultancy Brand Finance’s yearly survey. Retailer Woolworths, ranked at... 

Morne Wilken

     9th September 2016 This week we feature Morne Cornelius Wilken, CEO of Attacq, a capital growth fund with a relatively new high-quality portfolio 

eHomeAffairs portal now available to all South African citizens  

By: Anine Kilian     24th August 2016 The Department of Home Affairs (DHA) has officially opened its eHomeAffairs portal to the public at large, enabling all South African citizens to apply for their Smart ID cards and passports online. DHA initially launched the portal in April, inviting citizens between the ages of 30 and 35 to be... 

FNB voted Top Business Bank for the fourth year running

     24th August 2016 First National Bank has once again been voted as South Africa’s top business bank in the 2016 Sunday Times Top Brand Survey for the fourth year running.   The winning brands are voted for by consumers and business decision-makers who rank them as being the best in their category in a nationwide... 

FNB partners with Empowerdex, CIPC to ease administrative burdens for SMMEs

By: Natasha Odendaal     13th July 2016 As small businesses continue to battle to stay sustainable past the two-year mark, First National Bank (FNB) aims to ease at least some of the barriers facing the sector that was described as a “hotbed” of job creation. FNB Business Value Adds head Sanjeev Orie on Wednesday said South Africans... 

Brexit deals 'resilient' South Africa a new complication  

By: Natasha Odendaal     24th June 2016 As the UK’s decision to withdraw from the European Union (EU) this week sent ripples of uncertainty and volatility across an already unsteady global economy, South Africa’s Finance Minister Pravin Gordhan has moved to assure the public of the country’s strong trade ties and resilience. However,... 

Unexpected construction rebound buoys Q2 confidence

By: Natasha Odendaal     22nd June 2016 An unexpected rebound in construction activity has boosted confidence in the second quarter of 2016, with the First National Bank (FNB) and Bureau for Economic Research’s latest civil confidence index surging 13 points to a level of 41. This had followed a first-quarter 14-point fall in civil... 

Bankmed chooses Melrose Arch for its new headquarters

     3rd June 2016 Melrose Arch, South Africa’s most sought-after business address, has welcomed leading, closed medical scheme, Bankmed to its high-profile precinct. Joining DuPont, Bidvest Group, Lonmin, Mastercard, Royal Bafokeng Holdings, Stanlib and Worley Parsons, Bankmed adds to the long list of corporate... 

Bank showcases new modular branch design

By: David Oliveira     3rd June 2016 First National Bank’s (FNB’s) new modular branch design, which was piloted at the newly opened Mall of Africa, cost about 30% less than traditional designs, FNB innovation head Yolande Steyn said at the company’s innovation media breakfast, in Sandton, last month. The new branch design was not... 

FNB unveils its new regional office in Bloemfontein

     23rd May 2016 Today, First National Bank, the Kavod Trust and Councillor Moeng, Member of the Mayoral Committee, officially opened FNB’s new regional offices in the Central Business District of Bloemfontein.   Known as “First Place, Bloemfontein” the new 8284m² building consolidates seven offices in the region... 

FNB highlights innovations successes at media breakfast

By: David Oliveira     12th May 2016 First National Bank’s (FNB’s) new modular branch design, which was piloted at the newly opened Mall of Africa, cost about 30% less than traditional designs, FNB innovation head Yolande Steyn said at the company’s innovation media breakfast, in Sandton, on Thursday. The new branch design was not... 

Home Affairs aspires to expand e-services, online document applications

By: Mia Breytenbach     22nd April 2016 While the new service of applying online for SmartID cards and passports through the eHome Affairs portal and at major banks in Gauteng will initially cater for people aged between 30 and 35, the Department of Home Affairs (DHA) hopes to extend the system to other age categories and more centres... 

Govt to intervene as Oakbay attempts to restore bank accounts

By: Natasha Odendaal     21st April 2016 Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe has insisted that, despite the appointment of three Ministers to engage the banks that cut ties with private Gupta-linked Oakbay Investments amid allegations of State capture, government was not interfering in matters... 

Thousands apply for IDs and passports online – Home Affairs

By: African News Agency      14th April 2016 Thousands of people have applied for smart ID cards and passports online, following the inception of the eHomeAffairs portal in conjunction with major banks, Home Affairs director-general Mkuseli Apleni said on Wednesday. “Since the inception of eHomeAffairs last week, 4,088 citizens have... 

SMEs warned to brace for impact of higher electricity tariffs

By: Anine Kilian     11th April 2016 Small business owners should brace themselves for the impact of higher electricity tariffs, which affects profits and ultimately the spending power of consumers, said First National Bank Head of Business Value Sanjeev Orie.    He noted that the tariff increase, together with the use and... 

SA govt launches online service for SmartID, passport application 

By: Mia Breytenbach     7th April 2016 The South African government, in collaboration with the South African banking sector, on Thursday launched the Department of Home Affairs- (DHA-) facilitated eChannel pilot project, enabling South African citizens to apply for passports or SmartID cards online. The collaboration was facilitated... 

FNB cancels Guptas’ Oakbay Investment business accounts

By: African News Agency      6th April 2016 Oakbay Resources and Energy on Wednesday confirmed that First National Bank (FNB) had become the second bank to cancel its business accounts after Absa had cut ties with the firm earlier this week. This was the latest in a series of backlashes by corporate South Africa against Oakbay Resources... 

Local consulting engineering firms take a confidence knock  

By: Natasha Odendaal     5th April 2016 Despite remaining relatively optimistic owing to pending projects under South Africa’s National Development Plan (NDP), the country’s lack of a concrete pipeline has caused consulting engineers’ confidence to plummet to 36%, matching the business and construction outlooks. There seemed to be... 

My Business Expo Notches Up Another Success With Record Attendance In Johannesburg

     22nd March 2016 My Business Expo held in Johannesburg on 10 March was a resounding success with record delegate attendance, hundreds of exhibitors, together with an inspiring line-up of South Africa’s top entrepreneurial thought leaders.   This marks the eighth successful annual My Business Expo – Africa’s... 

CEOs of SA’s three big REITs to deliberate the local listed property sector’s global standing

     11th March 2016 The SA REIT Conference is again proving to be the gathering place for the sharpest minds in property, finance and investment, and an exciting platform for debate and interaction. The trailblazing one-day executive conference is focused on South Africa’s listed property sector with a... 

Infrastructure products manufacturer receives recognition

By: Lynne Jackson     12th February 2016 Infrastructure products manufacturer,  Infrastructure Specialist Group (ISG) has been awarded a Golden Award in the Business Corporate and Listed Companies Category of the Business of the Year Awards by the Roodepoort Chamber of Commerce and Industry (ROCCI) and First National Bank for... 

AIAC expands Johannesburg presence with new office move

     5th February 2016 AIAC Air Conditioning South Africa, a manufacturer of air conditioning and IT cooling systems, has now moved to larger premises on the 154 Schooner St, Laser Park, Honeydew, Johannesburg where it has been situated since 1 December 2015 Part of the Airedale International group of companies, AIAC... 

Civil construction index sees slight uptick, perhaps too optimistic

By: Megan van Wyngaardt     14th January 2016 While civil work from provinces and municipalities has held up well, contributing to an increase of three points in the First National Bank (FNB) and the Bureau for Economic Research’s (BER’s) Civil Confidence Index to 42 points in the fourth quarter of 2015, weak spending on construction by... 

Property, consumer markets likely to see mild rate hike in 2016 – analyst

By: Natalie Greve     5th January 2016 While a year of hard work for property and consumer-related sectors appears likely, given economic and household sector income growth mediocrity, there is little to suggest any more than a mild interest rate hike in the coming 12 months, First National Bank household and property sector... 

The big story of 2015 is found in the many small ones

By: African News Agency      29th December 2015 Looking back over 2015, a few very big stories loom large (SAB-AB Inbev merger, Volkswagen emissions scandal, MTN Nigera fine, to mention just a few). When you look a bit closer, you will see that the big story, especially in Africa, is the many, many smaller stories, frequently focused on... 

The Is Group Wins Honourable Rocci/Fnb Business Of The Year 2015 Award

     30th November 2015 The Infrastructure Specialist Group (IS Group) was awarded a Golden Award in the Business Corporate and Listed Companies Category by the Roodepoort Chamber of Commerce and Industry (ROCCI) and First National Bank (FNB) at a gala function on 7th November 2015. ROCCI had identified and nominated... 

Time for second new e-toll phase – Sanral

By: News24Wire      2nd November 2015 Road users on the Gauteng freeway network are from November 2 eligible for a 60% reduction of their historic e-toll debt in arrears, the SA National Roads Agency (Sanral) said on Sunday. This once-off discount applies to all unpaid e-tolls levied on Gauteng Freeway Improvement Project (GFIP)... 

SA economic decline gains momentum

By: News24Wire      14th October 2015 The economic cycle in South Africa has increased its velocity and it is not looking good, Mike Schüssler, chief economist at Economists Dotcoza, told Fin24. He was commenting on the latest BankservAfrica Economic Transaction Index (Beti) released on Wednesday. 

Banks soon to process smart ID applications 

By: Natasha Odendaal     30th September 2015 The Department of Home Affairs (DHA) has inked memoranda of understanding with three major South African banks to allow citizens to apply for the new smart identification (ID) cards at their respective banks from early next year. The DHA, along with Standard Bank and First National Bank (FNB), on... 

Manufacturing Circle names new exec director

By: Natalie Greve     14th September 2015 Industry body the Manufacturing Circle has appointed Philippa Rodseth as its new executive director from October 1, replacing the outgoing incumbent Coenraad Bezuidenhout, who will leave to pursue other opportunities after almost four years in the position. Rodseth brings a business background... 

Commercial bank speculates about the future of agriculture

By: Kimberley Smuts     7th August 2015 While the future of the agriculture sector is often debated at farmers’ conventions, during general council meetings, in the media and in the political arena, it is now becoming a pertinent topic among investors and agriculture companies says First National Bank (FNB) agriculture marketing and... 

Gauteng 'open tender' system gains momentum with banking-services contract award 

By: Ilan Solomons     4th August 2015 The Gauteng provincial government (GPG) announced on Tuesday that South African banking firm First National Bank (FNB), a division of First Rand Bank, had been reappointed to manage the multibillion-rand centralised banking services account for the province for the next five years. Speaking at a... 

Gauteng aims for 60% of tenders to be awarded using public system by end-2016

By: Natalie Greve     3rd July 2015 After becoming the first provincial government to adjudicate its central banking services tender selection process in public on Friday, the Gauteng provincial Government (GPG) now plans to roll-out the “transparent” tender award process across the province to ensuring that, by the end of next... 

Enterprise development fund seeks high-growth manufacturers for R20m investment

By: Bruce Montiea     19th June 2015 Local banking firm First National Bank’s Vumela Enterprise Development Fund will be participating in this year’s Manufacturing Indaba to identify manufacturing companies with significant growth and job creation potential, with the aim of partnering with some of them to unlock growth with... 

Warning over Cell C debt doesn't worry FNB

By: Reuters     5th June 2015 Ratings agency Standard & Poor’s (S&P's) warning over Cell C’s R2-billion unsecured debt is is no cause for concern to the head of First National Bank’s (FNB's) new mobile network. FNB will become the first bank in South Africa to launch a mobile network when it starts selling SIM cards on June 15. 

DTI unveils details of black industrialist support mechanisms  

By: Natalie Greve     22nd May 2015 The Department of Trade and Industry (DTI), which last year committed to the initial creation of more than 100 black industrialists within three years, has developed a draft policy framework to guide the introduction of financial and nonfinancial support mechanisms to boost the industrial asset... 

Online company registration drive bearing fruit

By: Bruce Montiea     27th February 2015 Retail bank First National Bank (FNB) has noted a substantial number of newly registered businesses since the launch of the online business registration initiative collaboration, which it established in 2013 in partnership with the Companies and Intellectual Property Commission (CIPC), says FNB... 

Four banking giants vie for Gauteng finance department tender

By: Megan van Wyngaardt     6th February 2015 Four South African banking heavyweights, Standard Bank, First National Bank (FNB), Absa and Nedbank, are contesting for the tender to manage banking transactions of the Gauteng government, with a 2015 budget estimated at more than R90-billion, Gauteng Provincial Treasury (GPT) revealed on Friday.... 

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